Prudential Financial Stock: Analyst Estimates & Ratings

Core Insights - Prudential Financial, Inc. (PRU) has a market capitalization of $37.5 billion and operates in life insurance, retirement solutions, and global asset management, managing approximately $1.5 trillion in assets through its PGIM division [1] Performance Overview - PRU shares have underperformed compared to the broader market, declining 18.8% over the past 52 weeks and 12.7% year-to-date, while the S&P 500 Index has returned 13.7% and 13.4% respectively [2] - The stock has also lagged behind the iShares U.S. Insurance ETF, which experienced a marginal dip over the past year but surged 4.4% this year [3] Earnings Report - On October 29, Prudential reported third-quarter earnings, with shares rising 1.9% following a strong earnings beat, posting after-tax adjusted operating income of $1.5 billion, or $4.26 per share, compared to $1.2 billion and $3.33 per share a year earlier [4] - Net income increased significantly to $1.4 billion from $448 million [4] - Adjusted book value rose to $99.25 per share, and assets under management grew 3.5% year-over-year to $1.6 trillion, indicating strong performance in PGIM [5] Analyst Expectations - Analysts project PRU's EPS to increase by 12.8% year-over-year to $14.23 for the current year ending in December [6] - The company has exceeded analysts' consensus estimates in three of the last four quarters, with one miss [6] - Among 19 analysts covering the stock, the consensus rating is a "Hold," consisting of two "Strong Buy" ratings, 15 "Holds," and two "Strong Sells" [6] Price Target - Analyst John Barnidge from Piper Sandler reiterated a "Hold" rating on Prudential Financial with a price target set at $110 [7]